Uranium Energy Corp Earnings Cheat Sheet: Loss Narrows

Uranium Energy Corp (AMEX:UEC) reported its results for the fourth quarter. Uranium Energy is a natural resource exploration company engaged in the exploration of properties that may contain uranium minerals in the United States.

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Uranium Energy Earnings Cheat Sheet for the Fourth Quarter

Results: Loss narrowed to $5.6 million (loss of 8 cents per diluted share) from $7.2 million (loss of 13 cents per share) in the same quarter a year earlier.

Quoting Management: Amir Adnani, President and Chief Executive Officer, stated, “During our fiscal fourth quarter, we continued to make significant progress with operations, delivering production growth at competitive margins, validating our regional Texas ‘hub-and-spoke’ strategy. With an eye to the next up-cycle, we have been acquiring projects with significant historical work at an attractive discount and with minimal dilution to the Company. Concurrently, we see a groundswell of positive indicators emerging for the nuclear industry, and are optimistic about the prospects for major growth in the industry.”

Key Stats:

The company fell in line with estimates last quarter after missing the mark in the previous two quarters. In the third quarter, it fell short by 6 cents, and in the second quarter, it missed by 5 cents.

For the fiscal year, the average estimate has moved from a loss of 9 cents a share to a loss of 53 cents over the last ninety days.

Competitors to Watch: Uranium Resources, Inc. (NASDAQ:URRE), Uranerz Energy Corp. (AMEX:URZ), Ur-Energy Inc. (AMEX:URG), Denison Mines Corp. (AMEX:DNN), Cameco Corporation (NYSE:CCJ), Crosshair Exploration & Mining Corp. (AMEX:CXZ), USEC Inc. (NYSE:USU), General Moly, Inc. (AMEX:GMO), Molycorp (NYSE:MCP), Ur-Energy Inc. (NYSE:URE), and American Uranium Corp (ACUC).

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(Source: Xignite Financials)